[lbo-talk] new spirit of capitalism

[Lenin's Tomb]

On 10/9/07, Doug Henwood <dhenwood at panix.com> wrote:
>
>
> On Oct 9, 2007, at 6:43 AM, Lenin's Tomb wrote:
>
> >  a global system of
> > appropriation of labour modelled on white supremacy
>
> Except that the most dynamic region of the capitalist world for the
> last 20-30 years has been Asia. At the same time, the ur-white
> region, Western Europe, is what Morgan Stanley investment strategist
> Byron Wien called little more than "an open-air museum" a few years
> ago (though I know Dennis Redmond will disagree).

Oh, come on.  Aside from the fact that bulk of global investment remains in
the region where white meets bread, the global appropriation of labour -
wherever the labour actually takes place, is overwhelmingly to the benefit
of a small Anglo-Saxon elite in the United States.  This isn't an
uncomplicated issue, but the basic contours of the system are those of a
global racial hierarchy.